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to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a preview of coming attractions and the fights ahead, including the debt ceiling that was so bitterly contested back in the summer of 2011. here is something you said in august of 2011 that i wanted to show our viewers and have you respond to. you said then, i think some of our members may have thought the default on paying america's bills issue was a hostage you might take a chance at shooting. most of us don't think that. what we did learn is this. it's a hostage that's worth ransoming. is that the strategy for the coming fight over the debt ceiling? >> well, first, these last-minute deals are no way to run the government. i can tell y
can tell you that. we know what the problem is. you're going to have al simpson and erskine bowles on. they have talked about this for a couple of years now. we have a spending problem. you know, we have a debt the size of our economy, which makes us look a lot like greece. this administration has driven spending as a percentage of our economy from 21% up to almost 25%. we've resolved the tax issue now. it's over. it's behind us. we were able to get permanent tax relief for 99% of american taxpayers. and for 500,000 small businesses. so that's behind us. what's left to be dealt with is the spending. and it's a shame that the president doesn't embrace the effort to reduce spending. none of us like using these situations like the sequester or the debt ceiling or the operation of government to try to engage the president to deal with this. but -- >> but you said that was a strategy, that's what you learned. i want to come back to the question. it's a hostage that's worth ransoming, the debt ceiling of the united states government. is that the strategy that you would ransom that here agai
. and we absolutely blew it. >> my exclusive interview with erskine bowles, on the simpson-bowles commission. and a dangerous cliff, the end of hillary clinton's tenure, what will her legacy be? no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay -- you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life easier? who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! >>> hillary clinton's final days as secretary of state have been overshadowed by health
. >> erskine bowles of the same bowles/simpson debate or solution that never got put into place, co-chair of the president's debt commission, less than impressed with the tax deal that averted the fiscal cliff. he's going to join us next. >> then, it's a bad day for lulu lemon shares, spent the day flying high but taking a big hit after a downgrade. can the company get its juice back, or is it now just a lemon? >> after the bell, actor patrick dempsey takes on starbucks and wins. find out how dr. mcdreamy is trying to boost the seattle economy. >> how tall was he? >> tall enough. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before invest
erskine bowls, or president of the united states, i think we would have fixed this fiscal mess by now. that's not the kind of press si we're dealing with right now. >> the first question -- the first question there is which clinton governor? which clinton is he talking about? hillary or bill? >> chelsea. >> and is that an ironic statement gin as i don't know jonathan alter pointed out, this is a dude that basically nails the nails in the coffin on erskine bowles. >> hypocrisy reigns. this is true. he is talking about bill clinton, and is he talking about erskine bowles as chief of staff to bill clinton. you are absolutely right. paul ryan could have delivered erskine bowles and could have made it difficult for the president to walk away, but he gave the president -- >> this is a weird obsession with trying to, like, play the clintons off of the obamas, and republicans love doing this. the idea that they would have been, you know, kind to bill clinton or hillary clinton had they been president is laughable. >> all the guys saying this, so many of them voted. for impeachment. he would h
appointed erskine bowles to represent him in negotiations with congress. bowls, great talents of such bargaining, was important in reaching the president's legislative agenda. but this is followed by the same house of representatives voting to impeach bill clinton. obviously an extreme example of the age-old conflict between congress and the executive branch of government. and yet, bill clinton is listed among only seven reelected presidents who were successful. there are lessons to be learned from the clinton second term that might offer guidance to obama, were he reelected. some of the presidency face hostilities from congress filled with majority of their own party, included washington, jefferson, monroe, grant, theodore roosevelt, johnson and bush. andrew jackson was censored by a congress controlled by his own democratic party. a fight he never forgave. franklin roosevelt had a constant battle with southern democrats in congress who oppose his new deal legislation. he suffered his greatest political defeat as a democratic-controlled congress refused to support his plan to
administration erskine bowles. he was the co-sponsor of the so-called simpson/bowles plan to deal with debt relief. >> look, we shouldn't negotiate on the full faith and credit of the u.s. government. that is crazy. why would we want to put our u economy through that. we do have a sequester. we do have the end of a continuing resolution. we have lots of things coming up that will force us to make some of these tough decisions. the reality, wolf, is that what we have to do is make some of these tough decisions instead of talking about them. we do have to reform the tax code, broaden the base, simplify the code, reduce some of that back-door spending. we have to cut some of these entitlement programs in order to make social security sustain blee solvent. if we don't face up to these long-term problems and if we don't fix them and fix them soon, we're going to put our whole fiscal house in jeopardy. >> the full interview will air, by the way, in the next hour. >>> joining us now to talk more about this historic day in washington is our chief political analyst gloria borger. the speaker of th
block about women in the white house. >>> coming up, governor dannel malloy, erskine bowles, and the star of "1600 penn" actor josh gad. up next, mike allen with the "politico playbook." first, bill karins with a check on the forecast. >> good morning, mika and everyone out there. important things you need to know as you head out this morning. louisiana under a tornado watch, a couple tornado warnings down there. if anyone's traveling the northern rockies and northern plains, a major winter storm headed your way. by far the worst weather in louisiana. flash flooding throughout the central and northern portion of the state. that heavy rain is now moving into mississippi. there's the tornado watch box. it does not include new orleans, but it does include baton rouge, new iberia and up there on the border of mississippi. possible tornadoes throughout this morning. they would be rain-wrapped tornadoes. you wouldn't know they were on top of you until they hit. keep that in mind. the other trouble out in the west. major winter storm from idaho to montana all the way through the da
and listen to what people and erskine bowles are saying. the idea that every dollar, once you taken titlement spending out, every dollar we have to put forward and have to borrow as a nation, shocking. >> every dime we spend in washington, d.c., on edge indication, we borrow from china, on defense we borrow from china. on infrastructure, we borrow -- from -- everything that entitlements -- it is dangerous. what did you learn? >> i'm going stay on the erskine bowles topic and agree we are the bickermans. >> bickersons. >> you are too young. >> all right. very good. >> you are kids. >> i learned, once again, speak less. listen more. >> what time is it? >> i will tell what you time it is. >> what time is it? >> it is time for "morning joe." it was time for "morning joe" but right now it is time for chuck todd and "the daily run-down." >> president obama makes his pick for the top spot at treasury. is jack lew ready for a full-blown fight over the debt ceiling in his first month on the job? pocket change. you heard about this idea. the trillion dollar coin to handle the debt ceiling. well, today
the debt founded by erskine bowles and allen simpson. among those disappointed is ceo paul stebens, executive chairman of world fuel services. that's an airline services company based in miami. he joins us now. great to have you here. what's wrong with last week's fiscal cliff deal? and do both sides lack the political courage that's needed to really get down to the basics here, to deal with the real issues? >> sure. thanks for having me, thomas. look, a crisis is a terrible thing to waste. we had a moment of time, a moment of opportunity to do something comprehensive and we did not. so we haven't ever gotten to the root cause which is the long-term trajectory of the growing entitlements, spending, when we really need comprehensive reform of those to make them insolvent. we didn't get to the tax code reform. you have the debt ceiling and the sequester. you create a level of uncertainty that in the business world means it's very difficult to have any confidence about economic growth. so you've got to eliminate that uncertainty. it does require political will. but political will is d
joins us and tomorrow erskine bowles weighs in on tomorrow's fiscal cliff tax deal. that's tomorrow right here at 3:10 p.m. eastern right here on the "closing bell." back after this. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2550 they're always there for me. tdd# 1-800-345-2550 and i've got tools that let me customize my charts tdd# 1-800-345-2550 and search for patterns as they happen. tdd# 1-800-345-2550 plus
own commission, a bipartisan commission, erskine bowles and senator simpson, simpson-bowles commission with recommendations on tough choices that needed to be made to rein in the future growth of entitlement spending and he rejected that today in the speech explicitly. >> sean: let me go back, this is personal for you, obviously, serving with president bush as long as you did. one thing he said in 2009 shutting down gitmo and it remains open today. and bothered me he'd never apologize to america, get your response to these things he said just four short years ago. >> we reject as false the choice between our safety and our ideals. our founding fathers -- our founding fathers faced with perils that we can scarily imagine, drafted a charter to assure the rule of law and the rights of man. a charter expanded by the blood of generations. those ideals still light the world and we will not give them up for expedience sake. we will not apologize for our way of life, nor will we waiver in its defense and for those who seek to advance their aims by inducing terror and slaughtering innocents, we
. go national. go like a pro. >>> look, if we had a clinton presidency, if we had erskine bowles, chief staff of the white house, or president of the united states, i think we would have fixed this fiscal mess by now. that's not the presidency we're dealing with right now. i decided not to comment between the election and the inauguration because i wanted to see what kind of presidents we were looking at here. what kind of path and trajectory he was putting his administration on. and all of the statements and all of the comments lead me to believe that he's thinking more of a political conquest than political compromise. and that's my concern. >> interesting. welcome back to "morning joe." a live look at the white house as the sun has yet to come up over washington. time to wake up, everyone. with us still, former governor ed rendell and richard haass. and joining the set, columnist for "the new york times" and nobel prize-winning economist, paul krugman. paul's book, "end this depression now!" is now out in paperback. it did well here, apparently. >> you no he what they say about the n
. some are threatening a government shutdown. in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new year. welcome back to "meet the press." >> good morning, david. >> let me talk about a preview of coming attractions and the fights ahead, including the debt ceiling that was so bitterly contested back in the summer of 2011. here is something you said in august of 2011 that i wan t
erskine bowles and alan simpson would be the quintessential very serious people. the editorial, practically the whole op-ed page, not all of them, but most of "the washington post." people for whom this, it's axiomatic that the budget deficit is the most important problem. and that what we really, really need to do right now at a time of mass unemployment is worry about the debt to gdp ratio ten years from now. and it's a very hard thing to crack, partly because it's not actually a rational argument. you very rarely, very rarely see on the sunday talk shows, people asking, "why exactly are you so concerned about the deficit right now?" that's sort of a given. that's a starting point. everybody serious understands that, except that if you ask them why exactly, they can't give you a very good answer. >> what is the answer? >> it's partly that this is, it sounds serious. never you know, never underestimate the importance of just plain what comes across. start so it's partly just it sounds serious, it's the kind of thing that people who wear good suits are likely to talk about. par
that game, guy, let's make sure we tell the whole story. >> and why didn't they put in erskine bowles? >> he said he didn't want to do it. i've known him since he was chief of staff at the white house, he didn't want to do it. >> i'm just saying, if you're going to go back to clinton, you've got to go back to er bowles. but i didn't see mr. obama try to twist his arm at all. >> we don't know that and can't know that. >> chuck hagel's not a centrist. east going to dismantle the department of defense. >> here's the problem with this conversation. it always amounts to size. and i know guys like to talk about size, but what about -- what is an effective use of dollars for the military that we need now? because if you even talk to guys who are boots on the ground, some of the money that gets spent by the bureaucracy of the department of defense isn't doing what they needed to be doing. so i think a guy who was an infantry man who fought in a war i think actually may have a better sense of what do we really need to be doing to make sure that we are building the army and have the capacities and the
of chumming it up. look, if we had a clinton presidency, if we had erskine bowles, i think we would have fixed this fiscal mess by now. that's not the kind of presidency we're dealing with right now. >> and you don't blame conservatives, particularly in the house, for thwarting that effort? >> both parties -- forget about just the recent past. both parties got us in the mess we are in, this fiscal crisis. republicans and democrats. and it will take both parties to solve this problem. that's the kind of leadership we need today. >> how do you think about 2016 and a presidential run? >> i don't. >> you're not thinking about it now? >> i think it's just premature. i've got an important job to do. i represent wisconsin. i'm chairman of the budget committee at the time we have a fiscal crisis. i think i can do my job by focusing on that right now rather than focusing on distant things. >> but you'll take a serious look at it? >> i'll decide later about that. right now i'm focused on this. >> chairman, thank you very much as always. appreciate it. >> thank you. >>> coming up here, what did we learn
had irs skin bow er sk erskine bowles on. and steve rattner agrees and good democrats agree medicare and medicaid are going to bankrupt us. this president is doing absolutely nothing at all! nothing at all to save us from the debt crisis. >> in fairness, that's two separate conversation, the debt ceiling versus how we balance the two programs, i should say create reforms there so we can create new savings. you know as well as i do, the debt ceiling, they ran these bills up a long time ago. whether they should have or not and whether the president should be more responsible in this conversation, i would agree with you. to reduce the debt ceiling, we talked to businesses outside of new york, if we don't raise the debt ceiling, it's a potential, reality for wrecking -- >> that's the wrong time. >> the debt ceiling is the wrong time to do it. >> saying you can't do it with the debt ceiling, can't do it with the fiscal cliff, can't do it shutting down the government. all i'm talking about, the president of the united states has absolutely no is in no position to talk about who's being rec
and erskine bowles, co-chairs of the national commission on fiscal responsibility and independent senator angus king. at 1:00 p.m. "this week" mitch answer l makes another with north dakota democratic senator and arkansas's republican kwcongressman tomcat. chris wallace sits down with ted cruz and chris van hollen and republican representative jim jordan of ohio. cnn's state of the union is at 3:00 p.m. eastern with the democratic senator and richard hudson and the senate majority whip and lindsey graham. then "face the nation" with mcconnell, house minority leader nancy pelosi and jeff blake of arizona. the sunday network tv talk shows re-air on c-span radio brought to you as a public service by the networks and re-air. that is "meet the press," this week, fox news sunday, cnn state of the union and "face the nation" from cbs. you can listen to them all on c-span radio, at 90.1 f.m. in washington. on xm satellite channel 117 on the smart phone or online to c-span radio.org. >> the big discussion i remember was what is richard nixon going it do. >> i remember going home that night. we we
robinson, every time you talk about numbers out there, erskine bowls, former chief of staff of bill clinton and the joint chiefs chairman, a lot of people in the middle, concord coalition, they say medicare and medicaid is going to cause an economic collapse if we don't take care of those programs in the long haul. >> what should we do? >> when you bring that up, people say, you know what, it's a health care problem. let's fix health care and all that will magically go away. we as a country don't do good jobs fixing health care. look at '93 and '94 and 2009 and 2010. we don't -- we can't reform such a complex system in a way that's going to turn things around on a dim dime. >> if you don't -- you can't turn it around on a dime if you don't do something about medical care costs long term, the costs, not just who pays for it. ultimately, don't we still incur the responsibility to pay for that stuff? it's not being paid through the existing programs now i can pretty much guarantee there will be a new program of some sort in which we still pay some of these costs because i don't think they're a
through tumultuous battles in war, the largest threat is our very own red ink. erskine bowles, former white house chief of staff to president bill clinton, also recognizes the imperative need to address our spending and debt crisis. as we all know, bowles was tapped by president obama to lead a bipartisan deficit commission with former republican senator alan simpson. the two men, along with a commission, proposed recommendations for you are a big and bold plan to reduce our long-term debt. rather than heed some of these recommendations and build off of this bipartisan momentum cephal years ago -- several years ago, the president ignored it completely and since has done nothing and offered no plan of his own p. -- of his own to fix our dire fiscal plight other than to propose new taxes. as i mentioned in previous remarks the president got his tax increases on millionaires and billionaires, but no one should be fooled into thinking that this solves our fiscal crisis. recently in ain' in an intervier chief of staff erskine bowles rightfully criticized the administration and the congress
in the democratic party who goes with lower tax rates. >> only erskine bowles of the bowles-simpson plan and he's a lodge man. stuart: and doug schoen. >> i'm lonely, too, but pleased to be with you sharing my views. stuart: happy new year. >> thank you. stuart: the gold report, i bet the price is up-- oh, not much though. we're running into this all of this debt and printing the money and gold is still at 1687. but we're up 11 bucks and 60 cents as of today. i'm going to pose the question, how much-- can't believe this, how much is a daughter worth? for one chinese father the answer is hundreds of millions of dollars. elizabeth macdonald, charles payne, they'll be reacting to the china bride story. ♪ oh, oh, china grove ♪ ♪ >> yes, it is a rally, dare we say, a fiscal cliff relief rally? dow is up 250 points. now, look at this, please, all 30 of the dow stocks are in the green. and sky of blue, sea of green. yes, we have it all up, 30 of them. hewlett-packard to wal-mart, every single dow stock is up and then some. nice going. one bride in china came with an expensive price for her fath
led to a triple-dip recession in great britain. erskine bowles, former president clinton's chief of staff, has spent the last three years of his life warning of a coming financial crash if washington continues its reckless ways in dealing with medicare and medicaid. as bowles explains to audiences across the country, his prognosis is not based on ideology. it is instead a simple matter of math. and make no mistake. that simple arithmetic will doom the economic future of liberals, conservatives and independents alike unless washington starts planning for the future now. and yet we still get so much reaction, joe, from the segment that we did here on the set the other day with paul krugman. >> we had a great -- i thought we had a great conversation with paul krugman. and i was fascinated by his view, his world view. the thing that's frustrating, though, for me following that, and it's ironic because paul krugman said that actually politicians in washington can't walk and chew gum at the same time. i find that a lot of people that read and follow him can't walk and chew gum at the s
Search Results 0 to 49 of about 74 (some duplicates have been removed)